It shall be unlawful for any developer or seller to offer or dispose of any accommodation, timeshare or vacation club right to a prospective purchaser in Puerto Rico or to offer or to dispose of any accommodation, timeshare or vacation club right in any timeshare or vacation club property located in Puerto Rico to a prospective purchaser located in any other jurisdiction unless a timeshare permit or vacation club permit, as applicable, has been issued by the Company to such person prior to such offer or disposition and remains in effect.
History —Dec. 26, 1995, No. 252, § 2-101.